Trade Idea Update: USD/JPY - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Oct 7, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Current selloff in NY morning suggests a temporary top has been formed at 104.16 and near term downside risk remains for retracement of recent rise to 102.65-70, however, reckon 102.40-45 (50% Fibonacci retracement of 100.74-104.16) would limit downside and 102.00-05 (61.8% Fibonacci retracement) should hold, bring another rise later.[​IMG]

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